social studies quiz

10/21/25

anarchist

person who opposes organized government

capitalism

an economic system based on the private ownership of property,

a market economy, and the goal of making a profit, or income,

from the use of one's property

collective bargaining

a process by which a union representing a group of workers

negotiates with management for a contract

consolidate

to combine

corporation

business that is owned by investors whose risk of loss is limited

dividend

share of a corporation's profit

Inflation

a rise in prices and a decrease in the value of money

mass production

process of making large quantities of a product quickly and

cheaply

monopoly

a company or group having control of all or nearly all of the

business of an industry

Morrill Acts

the acts passed in 1862 and 1890 that provided public land for

agricultural colleges

moving assembly line

method of production in which workers stay in one place as

products pass along a track or moving belt

network

a system of connected railroad lines

patent

license for a new invention

pool

a system in which several railroad companies agreed to divide up

the business in an area and set prices

rebate

a discount

reservation

a limited area of land set aside for American Indians

sodbuster

a farmer on the Great Plains in the late 1800s

stock

a share of ownership in a corporation.

strikebreaker

replacement for a striking worker

subsidy

a land grant or other financial help from the government

sweatshop

workplace where people labor long hours in poor conditions for

low pay

trade union

association of workers in a specific trade, or line of work, formed

to gain higher wages and better working conditions

transcontinental railroad

a railroad that stretches across a continent from coast to coast

Triangle Fire

fire in 1911 at the Triangle Shirtwaist Factory in New York City that

killed nearly 150 workers

trust

group of corporations run by a single board of directors